Bank of America (BAC) Offering Possible 5.49% Return Over the Next 3 Calendar Days

Bank of America's most recent trend suggests a bearish bias. One trading opportunity on Bank of America is a Bear Call Spread using a strike $25.00 short call and a strike $30.00 long call offers a potential 5.49% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $25.00 by expiration. The full premium credit of $0.26 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock rose above the $30.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Bank of America is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Bank of America is bearish.

The RSI indicator is at 68.15 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Bank of America

These 5 Top S&P 500 Stocks Near Buy Points Have Earnings This Week; Futures
Mon, 17 Jul 2017 09:51:48 +0000
Netflix, Microsoft, Bank of America, Morgan Stanley and Apple supplier Skyworks are five S&P 500 companies near buy points with earnings due this week.

[$$] European miners encouraged by China GDP figures
Mon, 17 Jul 2017 08:13:33 +0000
Monday 09:05 BST “The strength of the euro is problematic, especially so close to the key $1.15 level, as the focus shifts this week to the ECB ahead of its monetary policy meeting on Thursday, says …

Earnings Preview: What To Expect From Bank of America on Tuesday
Mon, 17 Jul 2017 01:24:00 +0000
Bank of America is expected to report $0.43/share on $22.17 billion in revenue. Meanwhile, the so-called Whisper number is $0.43.

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